The Canbelego Joint Venture (JV) Project is majority owned by Helix Resources, with the remainder held by Aeris Resources (ASX:AIS), who operate the nearby Tritton mine. The JV tenure (approximately 40km²) covers the Rochford copper trend and is surrounded by Helix’s wholly-owned Western Group Tenements. The project is located 45km south-east of Cobar, NSW.
Historical Mine
Canbelego has a rich historical copper mining history, producing approximately 10,000t of hand-picked ore grading 5% Cu. Operations ceased in 1920 as the mine development reached the water table at approximately 80m depth.
Canbelego Copper Mineral Resource
The Company announced a JORC (2012) Mineral Resource of 1.83 Million tonnes at 1.74% Cu for 31,800 tonnes of contained copper at a cut-off grade of 0.8% Cu in June 2023(1).
Prospectivity
Geologically, Canbelego and the Rochford Trend display features typical of structurally-controlled copper deposit such as CSA at Cobar. Canbelego has a short strike extent (~350m) and extensive dip extent (>600m). There is evidence of copper mineralisation in sub-parallel lodes (Western Lodes) and along strike with several targets identified.
Key Regional Structure
The JV covers 10km of the highly prospective Rochford copper trend. Copper geochemical anomalism at surface is coincident with magnetic anomaly and numerous historical copper workings in variably altered sediments and volcaniclastics (Girilambone Group).
Helix is actively exploring and continues to expand the scale and copper potential of the Rochford Trend.
(1) For full details, refer to Helix ASX Announcement dated 14 June 2023
